I want to transfer my mutual funds from American stock holdings to foreign stocks. I do not have much faith in our future economy. Which of these countries has the strongest economy: Canada, China, Japan, Brazil, Sweden or Norway?
2007-06-08 11:29:40 · 4 answers · asked by csi7472 3 in Social Science ➔ Economics
China is rapidly growing and by some measures is already the second largest economy after the US. However, its stock market is a crap shoot. There is little regulation of the type provided by the SEC in the US to protect investors. Right now, the Chinese stock market seems to be in the middle of a speculative bubble that will probably not last. To put all of your money in this market would be high risk.
2007-06-08 13:34:46 · answer #1 · answered by Robert 3 · 1⤊ 0⤋
Protecting your money from a bad US economy is not that easy. Most of the stock markets of the world rise and fall with the S&P because we are a large consumer for their companies just like we are for US companies. The safest stradigy is to diversify over many countries in a world fund or several regional funds,
2007-06-08 12:58:23 · answer #2 · answered by meg 7 · 1⤊ 0⤋
The US is in the process of a slow recovery. I do not recommend the transfer of assets to foreign markets right now. As of right now, you dollar will be worth less and the foreign exchange rates are very volatile. China is growing at an unprecedented rate right now, but that growth is NOT sustainable in the long run.
As of right now Economically speaking (based on income per capita and unemployment) the USA is still ranked number 1.
2007-06-08 12:53:46 · answer #3 · answered by Cherry Darling 6 · 0⤊ 0⤋
china has the best economy in some places they produce alot of fruits and vegetables and othr things and other places they manufacture things create them. An dthey invent alot of things and they produce them
2007-06-08 11:37:53 · answer #4 · answered by motikimn 2 · 0⤊ 1⤋